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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (21353)	7/7/1998 6:44:00 PM
From: James F. Hopkins	Respond to of 94695

NO but that don't mean it hasn't bottomed, by the time we get the report that it's above one they will have left the gate. It's up from a month ago. That's like the TICK..it can still be negative but if it's moving up from a very low point it's generally safe to say the tick has bottomed, and if you wait till it goes to + or more you are likely to see what you wanted to buy has already gone up. The market over reacts on both ends. No big deal , I bought twice yesterday at 12-5/8 , sold half today at 13..now have a 12-1/4 cost basis on my balance and that's lower than her 52 week low. If she pulls back to 12-5/8 and she likely will I'll buy what I sold today back again. I think the SOX may do some pumping before she takes off. Jim